Godiva launches buy-to-let range

14 January 2010 | By Natalie Thomas

The range includes a variable deal at 4.49% at up to 60% LTV with no early repayment charges, and a variable deal at 4.75% available up to 70% LTV with no ERCs.

Godiva is also launching a two-year fixed rate deal at 4.74% at a maximum LTV of 60% and a two-year fixed rate deal at 5.24% at up to 70% LTV.

The rates previously only applied to remortgage cases but have now been extended to cover purchase deals as well.

All the products have booking and arrangement fees of £1050.

The cost of one valuation up to £680 is included with all buy-to-let mortgages.

Colin Franklin, managing director of Godiva Mortgages, says: “There is a whole range of buy-to-let products out there, some with arrangement fees of up to 3.5% which would cost £5,250 on the average £150,000 loan.

“Given our overall fees are £1,050 we are confident introducers will find a Coventry buy-to-let product to suit their clients needs.”   

Coventry has also cut rates on its residential mortgages by up to 0.54% to include a variable deal at 3.45% and 75% LTV, and a two-year fixed rate deal at 4.85% at 80% LTV.

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